Builders to be Nationalised?

Ian_Griffiths_Halifax

Plane crashes are no laughing matter.

Gangstabird

Microstar wrote: »

The UK construction sector has been poorly managed for the past 20+ years and several major builders are now in serious danger of complete collapse. If that happens there will be ramifications for years to come. SOMETHING needs to be done. Perhaps not nationalisation, but certainly some sort of government intervention, such as a programme of building council houses, would not be amiss. Perhaps even renovation of present council housing stock to keep builders employed.

Are you taking the Micky Mouse?

The UK construction industry is run by a few people who have had millions, if not billions out of it. Plus their houses were built for them for ....nothing. The reason that they are out of pocket now, is because of pure greed and obviously the top bods left their managers to deal with this and they maybe have too much land, not enough planning and their savings are unaccessable because they are with banks that simply don't have the money to give them back.

How can you say that it's poorly managed when the top people have earned millions. I would say that it's bloody well managed actually. They build houses for about 45k per unit (3 bed) and sell for loads more.

I worked in this industry and couldn't believe the way it was that the top bods made sooooooooooooooo much money but there you go.

fc123

Kez100 wrote: »

Looking to get out of your struggling business? Krusty and Fil are looking for you to join them in their new series : Nationalisation, Nationalisation, Nationalisation.

I want Dishy Phil to nationalise me :shhh:.

scousethife

Kez100 wrote: »

How can you test a new build flat? Jump up and down until the walls cave in (or not)?

is it tiny..........yes

is it near some water........yes

is it built on the cheap......yes

is it over priced .......yes

are inside cack trying to flog it to some get rich quick lemmings......yes

Tested and passed

Sir_Humphrey

It would seem that Generali thinks we should re-run the policies of the early-1980s, with the resulting massive increase in unemployment and destruction of economic capacity.

If you think that a few nationalisations are going to turn us into a communist state then I think respectfully that you should stop worrying about Hayek's paranoid fantasies and spend a bit more time in the real world.

Generali

Sir_Humphrey wrote: »

It would seem that Generali thinks we should re-run the policies of the early-1980s, with the resulting massive increase in unemployment and destruction of economic capacity.

If you think that a few nationalisations are going to turn us into a communist state then I think respectfully that you should stop worrying about Hayek's paranoid fantasies and spend a bit more time in the real world.

Where did I mention Communist state?

I said that according the FT, the Labour Govt is coming under pressure to nationalise the banks. Also, again according to the FT, the BoE has failed to get a bond issue out in full for the first time in 6 years and it looks likely to me that the 'bond vigilantes' are going to have a little input into these plans by many Govts to issue huge amounts of debt. How do you think the Government is going to respond if it has to fill the fiscal gap in some way, cut spending, tax everyone or tax the rich?

As for the real world, you're a Civil Servant !!!!!!. You can happily leave databases containing personal information on millions of people on trains, kill people by not cleaning hospitals properly and fail to educate properly generations of children without any sanction whatsoever.

I'd also appreciate it if you stopped the personal stuff as it's getting pretty boring. I know you're a bright and witty person and there's no need to drag the tone down.

Sir_Humphrey

Generali wrote: »

Where did I mention Communist state?

I said that according the FT, the Labour Govt is coming under pressure to nationalise the banks. Also, again according to the FT, the BoE has failed to get a bond issue out in full for the first time in 6 years and it looks likely to me that the 'bond vigilantes' are going to have a little input into these plans by many Govts to issue huge amounts of debt. How do you think the Government is going to respond if it has to fill the fiscal gap in some way, cut spending, tax everyone or tax the rich?

As for the real world, you're a Civil Servant !!!!!!. You can happily leave databases containing personal information on millions of people on trains, kill people by not cleaning hospitals properly and fail to educate properly generations of children without any sanction whatsoever.

I'd also appreciate it if you stopped the personal stuff as it's getting pretty boring. I know you're a bright and witty person and there's no need to drag the tone down.

The communist bit was not aimed at you specifically, it was in a separate paragraph. Poor editing I admit. Fact of the matter is that we are in a bad economic situation, and I REALLY don't want things to get worse than they have to be. Please do not think I am aiming all my barbs at you, but I find it difficult to have much patience with people saying IRs should be raised, or spending cut.

As for "real world". Take it from Generali, a career in banking/hedge funds is no more the "real world" than the civil service. I have worked in the private sector too, I have friends who run their own businesses and have relatives who could be termed "working class". I do not live in a bubble.

As I have made clear, from a selfish POV, higher IRs would suit me down to the ground. I am not arguing from a selfish POV however.

The world has changed. That may not be politically amenable to you Generali. Having things you care about destroyed is not pleasant, as anyone of a centre left persuasion has known over the last thirty years. But it is just the way it is.

If, as most economists seem to think, we are heading for deflation, then the bond vigilantes are not going to get worked up. If inflation were 10% now, you would have a point. The other question is where the heck would they put their money anyway? If they were really worried, would not the gold price be much higher now?

EDIT: You have in the past referred to me as "comrade Humphrey" for suggesting things that have now been suggested by the FT, Nouriel Roubini and Stephen King. Pot kettle black.

scousethife

Sir_Humphrey wrote: »

. If inflation were 10% now, .

The real inflation rate probably is 10%

I know the government say its 5.2 but does anybody seriously believe that?

Microstar_2

Gangstabird wrote: »

Are you taking the Micky Mouse?

How can you say that it's poorly managed when the top people have earned millions. I would say that it's bloody well managed actually.

I worked in this industry and couldn't believe the way it was that the top bods made sooooooooooooooo much money but there you go.

Well, you could say exactly that about the banking industry too. The fact that some of the 'top bods' have made millions is not indicative of a well run industry. Its not difficult to make a lot of money when there is little competition and buyers are climbing over each other. The fact that industry has been so diabolically run is now evidenced through the fact that these companies are on life-support literally less than a year into a housing slowdown.